The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1887-06-24

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.n~slses shs ipswnsall 80 she CtIpas-Ths
Sa~ars Saners,nx Their vlrelms-T The
E1rms WAC sisvs Alrrady ssccanhsa-
cnscAeo. June 10 To say that the sitna-
ton o. Change h threatening would mot
do justice 20 the actual facts Tuesdays
drop in wheat Of nineteen cents was fci-
lowed up BY . further break 81 six and
one half ccnfs yesterday. from which
there Was but an Insignificant rally - the
close. Seventeen firms were posted Tor
failure 70 settle margins and while u -
an utter imposslbilitv 10 arrive ~ any
thin q definite In the matter 81 liabilities
or the suspended houses, II IL safe 70 say
that 300O.OO bushels Of wheat are In
VOWED. and that the loss on this immense
block Is not less than t5.oOo.c0 or total
OF about =. oOi.ooo in two days
The suspended houses are: &. ,. Ker-
shaw Co. Crosby a Co. Gregg. Son q
Co. 4 ID Eliridgc a ca. ,. A. Edwards
4 Co. Hord Bros 4 Co. 7. = Baldwin
q Co. J. H. Yourst q Co. b. >. NccIcary
4 Co. H. J. Sheldon. =. & Orr, ~ y
Crafts 4 Co. Pickering a Co, H. X.
Matthews. Hibbard a TO. N. = Robin
ssn a Co. and Yourst a Brcariy. some
OF these firms announced that they Will
Be AL right in day or two
Yesterdays lowest figure Tor wheat,
90 cents. was the lowest since 49,
when wheat SOLD for a. cents In isS
the lowest price was os& cents
The announcement Ia the morning BY
{. J. Kershaw & Co. that they would
pay their clearing -house differences was
received with demonstrations Of delight
by the brokers At the Board 81 Trade and
prices i'm mediatcly rose several points
il had been reported that Kershaw had
received eSOOO early In the morning
from Cincinnati 10 meet his Obligations,
and she report being generally believed
the announcement that Kersh2w would
settle was in consequence received with
the utmost confidence and satisfaction.
Al noon. however. the Clearinghouse
sheet showed that Kershaw 4 60. had
failed 10 par their debit balances The
cause Of this il stated TO Be n follows:
Roscnfeld & Co.. who suspended Monday
because the Cincinnati clique would
not back them up as prouIisct,
commenced suit yesterday against j. W
Wiltshire and Howard r. Exert two 81
the Cincinnati cliqle.for $l.poooo Learn
ing that " iltshirc had deposited money
yesterday morning in the American Ex-
change National Bank for kershaw,
Rosenfeid a Co attached this money.
NNLuIUE was Au0 " ~ 49, NA--~ p " -
shaw & Co Of this proceeding until Mr..
DeWar. one Of the partners. went 10 the
bank 10 have CHECK for <3D0o1 certified
Other checks az Fregatin- SSs1oo had
been i<sued by kershaw 4 Co before
they kncx o. the attachment A. the
money was attached. Of course the pay
ment Of the checks was refused az the
bank. Kershaw 4 Co. consequently was
obliged 10 suspend. but they state that
thew will meet their obligations to-
dav. evidently believing that they
will b. able by tha. time 10 release their
money in bank II il stated that Armour.
Hufchison and other heavy operators
were in the market yesterday cntcavor-
4 ing 70 steady H. - they had an interest
in the welfare Of the trade and knew
that unless some heavy traders went in
and showed that they had c0nfdence in
the deal . universal panic might cnsue
and there would be no telling where the
thing would stop: their trading tended
10 give confidence 70 others The after
4 noon deliveries Of wheat released Large
amount Of wheat tied up in margins and
viii enable m any houses 70 protect thei'
trades in better shape
A number OF exciting incidents oc
currei m the Board or Trade building
AFTER the G4ItE~ ~ MM-AL A'EE4NN @~-~+A -
Burke cut prominent figure Among |
number OF writs given him 20 serve wa
one Of attachment sworn out BY q
Baldwin and J. H. Wrcnn against &. ,
Kershaw 4 Co for $1,000 The deprt,
was opposed a. the frst door Of ker
shaw's ONCE. After parlcying with IN
clerks and submitting 70 insuitirg re
mArxs for some time the pond rous dep
uty placed his shoulder against the fra
partition door and forced his way In
several clerks sprang forward 20 pre-
vent HE entrance. but with wave Of hi
hands Burke threw the light weights bacl
and with twp strides forward. entere'
into the presence Of Mr. Kershaw. VIII
was seated alone in his private ONE
Mr. Kershav accepted service Of -
writ modify. The dcp1ty served simila
papers on others around the c1iidfne-
the Clearinghouse he was also refuse
admlstancc. but succeeded In f0rcin
open the door and serving Samuel Pow
ell. the manager. with writ 70 atrac
eco worth Of cheeks In favor Of W
Crosby 4 60.
Charles Hcnriotcn- the banker. and
. member Of the New York Stock r.
change, said this ate rnoon that he fcare
his liabilities would reach nearly t5Jo.Vs
but expressed fell confidence In hi
ability 10 nav dollar for dollar